{"id":127039,"date":"2025-04-12T03:17:25","date_gmt":"2025-04-12T03:17:25","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127039"},"modified":"2025-04-12T03:17:25","modified_gmt":"2025-04-12T03:17:25","slug":"us-crypto-industry-needs-band-aid-now-long-term-solution-later-uyeda","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127039","title":{"rendered":"US crypto industry needs band-aid now, &#039;long-term solution&#039; later \u2014 Uyeda"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsA fast-tracked temporary crypto regulatory framework could bolster innovation within the US crypto industry while permanent regulations are still in the works, says acting US Securities and Exchange Commission (SEC) chair Mark Uyeda.<br \/>\n\u201cA time-limited, conditional exemptive relief framework for registrants and non-registrants could allow for greater innovation with blockchain technology within the United States in the near term,\u201d Uyeda said at the SEC\u2019s April 11 Crypto Task Force roundtable titled \u201cBetween a Block and a Hard Place: Tailoring Regulation for Crypto Trading.\u201d<br \/>\nRelief measures may address immediate challenges<br \/>\nUyeda said this might be the short-term answer as the SEC works toward a \u201clong-term solution,\u201d at the roundtable with SEC members and crypto industry executives, including Uniswap Labs\u2019 Katherine Minarik, Cumberland DRW\u2019s Chelsea Pizzola, and Coinbase\u2019s Gregory Tusar.<br \/>\nHe flagged state-by-state regulation of crypto trading as a concern, warning it could lead to a \u201cpatchwork of state licensing regimes.\u201d<br \/>\nUyeda said that a favorable federal regulatory framework would ease the burden for market participants wishing to offer tokenized securities and non-security crypto assets, allowing them to operate under a single SEC license instead of navigating \u201cfifty different state licenses.\u201d<br \/>\nHe urged crypto market participants to share feedback on areas where \u201cexemptive relief\u201d could be appropriate.<br \/>\nSource: US Securities and Exchange CommissionUyeda also reiterated the benefits of blockchain technology in financial markets during the roundtable discussion.\u00a0<br \/>\n\u201cBlockchain technology offers the potential to execute and clear securities transactions in ways that may be more efficient and reliable than current processes,\u201d Uyeda said.<br \/>\nUyeda to fill chair position until Atkins is sworn in<br \/>\n\u201cBlockchains can be used to manage and mobilize collateral in tokenized form to increase capital efficiency and liquidity,\u201d he added.<br \/>\nUyeda will continue serving as acting SEC chair until US President Donald Trump\u2019s nominee, Paul Atkins, is officially sworn in.<br \/>\nOn April 10, the US Senate confirmed Atkins as chair of the SEC in a 52-44 vote largely along party lines.\u00a0<br \/>\nRelated: SEC, Ripple file joint motion to pause appeals in XRP case<br \/>\nUyeda has served as acting SEC chair since Jan. 20, succeeding former chair and crypto skeptic Gary Gensler. He\u2019s been widely seen within the industry as a pro-crypto advocate.<br \/>\nOn March 18, Cointelegraph reported that Uyea said the SEC could change or scrap a rule proposed under the Biden administration that would tighten crypto custody standards for investment advisers.<br \/>\n\u201cI have asked the SEC staff to work closely with the crypto task force to consider appropriate alternatives, including its withdrawal,\u201d Uyeda said.<br \/>\nMagazine: Memecoin degeneracy is funding groundbreaking anti-aging research<a href=\"https:\/\/cointelegraph.com\/news\/mark-uyeda-crypto-temporary-framework-sec-roundtable-crypto-task-force?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsA fast-tracked temporary crypto regulatory framework could bolster innovation within the US crypto industry while permanent regulations are still in the works, says acting US Securities and Exchange&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127039"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127039"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127039\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127039"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}